Floodgates

The market raced past the 1000 point mark on Friday in a frenzy of largely local interest, in levels last seen eight years ago.rnrn

The All Share Index climbed to 1001.61 towards the end of trade today, closing at 995, while the blue chip Milanka index rose 23 points to end the day at 1913.1.rn

rnNational Development Bank (NDB) and NDB Bank (NBL) led the chase again today, clocking up Rs. 258 mn of total turnover at Rs. 745 mn.rn

rnNDB Bank closed on Rs. 21, up Rs.1.25 at volumes of 7.4 mn shares.rn

rnJohn Keells Holdings was also heavily traded, with 497,000 shares exchanging hands, closing at Rs. 88.50.rn

rnTop trades came from 7,425,400 of NBL, 2,406,800 of Distilleries, 771,400 of NDB, 703,900 of Colombo Land and 576,300 of Nations Trust Bank (NTB).rn

rnBrokers say the market has gained 16 percent in June, despite a strained ceasefire and naval clashes between the army and the LTTE.rn

rnldblquote It was largely local interest, but foreign participation improved though not on a